Northwest Amarillo, Amarillo, TX—79121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwest Amarillo, Amarillo, TX
As of Oct '25, the median home price in Northwest Amarillo, Amarillo, TX is $288,000, with a year-over-year change of 0.0%. This indicates that home prices in Northwest Amarillo, Amarillo, TX are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | 0.0% |
| Single Family | $289,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $221,000 | 0.0% |
3 Bed | $261,000 | 0.0% |
4 Bed | $415,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northwest Amarillo, Amarillo, TX
As of July '25, Rentcast reports the average rent in Northwest Amarillo, Amarillo, TX is $750, with a year-over-year rent change of -60.1%. Per bedroom, the median rent as of July '25 in Northwest Amarillo, Amarillo, TX is 1-bedrooms: $750. The most common rental property sizes in Northwest Amarillo, Amarillo, TX are 2-bedroom and 1-bedroom, accounting for 44.6% and 38.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Northwest Amarillo, Amarillo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwest Amarillo, Amarillo, TX is 49. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 26.0% |
Listing Count | 46 | 58.0% |
| Listings as % of Homes | 0.7% | 58.0% |
Days on Market | 49 | 5.0% |
Demographics — Northwest Amarillo, Amarillo, TX
As of the latest ACS Survey released in 2023, Northwest Amarillo, Amarillo, TX has a population of 5,880, which has decreased by -6.0% over the past 5 years. Northwest Amarillo, Amarillo, TX is a moderately popular place for families, as children make up 18.5% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,880 | -6.0% |
% Under 18 | 18.5% | 20.1% |
% Seniors | 29.4% | 36.7% |
% WFH | 7.5% | 316.7% |
% w/ College Degree | 46.7% | 6.1% |
As of the latest ACS Survey released in 2023, Northwest Amarillo, Amarillo, TX is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Northwest Amarillo, Amarillo, TX is hispanic, making up 16.3% of the population. Foreign-born residents account for 6.5% of the population in Northwest Amarillo, Amarillo, TX, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.4% | -3.4% |
% Black | 2.6% | -16.1% |
% Hispanic | 16.3% | -4.7% |
% Asian | 5.9% | 268.7% |
% Foreign Born | 6.5% | -5.8% |
Mortgage and Risk — Northwest Amarillo, Amarillo, TX
According to HUD data as of 2023, there were 102 mortgage originations in Northwest Amarillo, Amarillo, TX, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Northwest Amarillo, Amarillo, TX. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Northwest Amarillo, Amarillo, TX
Northwest Amarillo, Amarillo, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $750 | $930 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Northwest Amarillo, Amarillo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $288,000 |
| Median Household Income | $66,400 |